OLD National Bancorp IN acquired a new position in shares of Ormat Technologies, Inc. (NYSE:ORA) in the 4th quarter, HoldingsChannel reports. The fund acquired 6,443 shares of the energy company’s stock, valued at approximately $412,000.

Several other hedge funds also recently modified their holdings of the company. Swiss National Bank increased its position in shares of Ormat Technologies by 2.1% during the fourth quarter. Swiss National Bank now owns 63,834 shares of the energy company’s stock worth $4,083,000 after acquiring an additional 1,300 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Ormat Technologies by 54.4% during the fourth quarter. Teacher Retirement System of Texas now owns 27,322 shares of the energy company’s stock worth $1,748,000 after acquiring an additional 9,626 shares in the last quarter. New Amsterdam Partners LLC NY increased its position in shares of Ormat Technologies by 57.0% during the fourth quarter. New Amsterdam Partners LLC NY now owns 171,666 shares of the energy company’s stock worth $10,980,000 after acquiring an additional 62,298 shares in the last quarter. Somerville Kurt F bought a new stake in shares of Ormat Technologies during the fourth quarter worth $317,000. Finally, Hemenway Trust Co LLC bought a new stake in shares of Ormat Technologies during the fourth quarter worth $343,000. 46.32% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Ormat Technologies from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Cowen reissued a “buy” rating and set a $75.00 price objective on shares of Ormat Technologies in a research report on Wednesday, January 24th. Guggenheim assumed coverage on shares of Ormat Technologies in a research report on Monday, January 8th. They set a “buy” rating and a $72.00 price objective for the company. Finally, TheStreet raised shares of Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ormat Technologies presently has an average rating of “Buy” and a consensus price target of $71.14.

Ormat Technologies, Inc. (NYSE ORA) opened at $64.31 on Thursday. The firm has a market cap of $3,250.86, a price-to-earnings ratio of 28.43, a P/E/G ratio of 1.89 and a beta of 1.22. Ormat Technologies, Inc. has a 12-month low of $54.75 and a 12-month high of $70.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.72 and a quick ratio of 1.62.

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Ormat Technologies Company Profile

Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.

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Institutional Ownership by Quarter for Ormat Technologies (NYSE:ORA)

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